The House of Representatives on Thursday blamed the growing trading in new naira notes on members of staff of the Central Bank of Nigeria.
In a resolution in Abuja, the House alleged that there was a cartel made up of bank workers, who exchange the new naira notes for gratifications and later resell them to members of the public.
The lawmakers accused the cartel of ensuring that new notes were not in circulation, a factor that explained the mutilated notes in the economy.
The House directed the CBN to stop the “bribe for new naira notes” by investigating the cartel and punishing the members of staff involved.
